A legal contract to borrow money is a binding agreement between two parties who agree to the loan of money from one party to another. It outlines the terms and conditions for borrowing money, such as the amount being borrowed, the interest rate, repayment schedule, and other important details. The contract also typically includes provisions for resolving disputes should they arise. Borrowers and lenders are held accountable by the terms of this binding agreement and must comply with all stated agreements in order to avoid potential legal action.